First United Bank Trust Lowers Holdings in Royal Caribbean Cruises Ltd (NYSE:RCL)

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First United Bank Trust trimmed its holdings in Royal Caribbean Cruises Ltd (NYSE:RCL) by 19.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 10,179 shares of the company’s stock after selling 2,463 shares during the quarter. First United Bank Trust’s holdings in Royal Caribbean Cruises were worth $1,103,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of RCL. Front Row Advisors LLC grew its position in Royal Caribbean Cruises by 475.0% in the first quarter. Front Row Advisors LLC now owns 230 shares of the company’s stock worth $27,000 after acquiring an additional 190 shares during the period. FinTrust Capital Advisors LLC grew its position in Royal Caribbean Cruises by 5,040.0% in the second quarter. FinTrust Capital Advisors LLC now owns 257 shares of the company’s stock worth $31,000 after acquiring an additional 252 shares during the period. North Star Investment Management Corp. purchased a new position in Royal Caribbean Cruises in the third quarter worth approximately $33,000. Central Bank & Trust Co. purchased a new position in Royal Caribbean Cruises in the second quarter worth approximately $37,000. Finally, Archford Capital Strategies LLC grew its position in Royal Caribbean Cruises by 814.0% in the second quarter. Archford Capital Strategies LLC now owns 393 shares of the company’s stock worth $48,000 after acquiring an additional 350 shares during the period. Institutional investors own 72.80% of the company’s stock.

RCL has been the subject of several analyst reports. Deutsche Bank lowered their price objective on Royal Caribbean Cruises from $145.00 to $139.00 and set a “buy” rating for the company in a research report on Friday, July 19th. Argus lowered Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research report on Tuesday, August 13th. Wells Fargo & Co increased their price objective on Royal Caribbean Cruises from $155.00 to $158.00 and gave the stock an “outperform” rating in a research report on Friday, September 6th. ValuEngine upgraded Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Stifel Nicolaus increased their price objective on Royal Caribbean Cruises from $150.00 to $151.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $144.30.

RCL opened at $107.57 on Friday. Royal Caribbean Cruises Ltd has a 52 week low of $89.48 and a 52 week high of $131.04. The business has a fifty day simple moving average of $107.18 and a 200-day simple moving average of $115.12. The firm has a market cap of $22.54 billion, a P/E ratio of 12.14, a P/E/G ratio of 0.99 and a beta of 1.40. The company has a quick ratio of 0.15, a current ratio of 0.17 and a debt-to-equity ratio of 0.83.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Thursday, July 25th. The company reported $2.54 EPS for the quarter, topping the consensus estimate of $2.45 by $0.09. Royal Caribbean Cruises had a return on equity of 17.39% and a net margin of 17.82%. The business had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.79 billion. During the same period last year, the business posted $2.27 earnings per share. The company’s quarterly revenue was up 20.1% on a year-over-year basis. Sell-side analysts expect that Royal Caribbean Cruises Ltd will post 9.63 earnings per share for the current year.

The company also recently declared a 0.70000 dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 20th were given a dividend of $0.78 per share. The ex-dividend date of this dividend was Thursday, September 19th. This represents a dividend yield of 2.8%. Royal Caribbean Cruises’s dividend payout ratio is currently 35.21%.

In other news, CEO Richard D. Fain sold 20,000 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $105.66, for a total value of $2,113,200.00. Following the sale, the chief executive officer now directly owns 865,651 shares in the company, valued at $91,464,684.66. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Lawrence R. Pimentel sold 10,518 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $108.25, for a total value of $1,138,573.50. Following the completion of the sale, the chief executive officer now owns 55,909 shares in the company, valued at $6,052,149.25. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,518 shares of company stock valued at $5,420,974. Company insiders own 13.07% of the company’s stock.

Royal Caribbean Cruises Profile

Royal Caribbean Cruises Ltd. operates as a cruise company. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara Club Cruises, and Silversea Cruises brands. The Royal Caribbean International brand provides itineraries to destinations worldwide, including Alaska, Asia, Australia, Bahamas, Bermuda, Canada, the Caribbean, Europe, the Panama Canal, and New Zealand with cruise lengths that range from 2 to 23 nights.

Further Reading: What is a Special Dividend?

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Institutional Ownership by Quarter for Royal Caribbean Cruises (NYSE:RCL)

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